Trading with range bars ichimoku cloud & awesome oscillator

Rockypoint thanks for the reply,
It does help. Interesting you can get it down to watching just 4 or 5 charts. Is this mainly through the observance of the 4 hour power meter, the previous price action(good consolidation around the cloud) and a clean chart(few spikes with clean candles). I tend to find myself flicking through a lot of charts at times, watching one pair (doing nothing) and losing opportunities on others. I also need to stick to trading around the opening of the sessions. Will do as you have suggested and stick to just the 8 major pairs to limit my chart swapping

Good morning, 2 shorts in DAX, first was about 10-15 min after Europe open 2nd one was about 10? min before London open, when the price gave the breakout I wanted. The 2nd closed at 20pips (at 650lvl), the first one closed at 10609 (78pips). Friday, country's Bank Holiday thus wont trade any more.
Have good weekend.
PS Now I saw the picture taken, the 2nd trade is one candle before than the one drawn at 10670. The first trade was at 10687.

Some what surprised today, Better than expected US GDP numbers didn't affect FX at all, so no FX for me today. 1 trade on CT for 5 contracts, looking back left some on the table but no complaints.

Hey Alcol,

I don't know how MT4 or 5 work but my platform allows me to open what they call work spaces. A work space aloows me to log in and automatically load a series of charts where home page is displayed the if I hold cursor over the icon on task bar it will display all open charts and I can zip thru them in 2-3 mins.
I have 5 different work spaces they all open with the 8 major pairs and the USD futures. I then look at these charts and discard any that I don't like the way they look. I then check power ind. and pick out weakest and strongest currencies then go thru those charts. Say GBP is weak I'll run thru GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY. Once I've settled on what I'm looking at thats it I don't worry about any other pairs usually 4 or 5 some times zip like today, will I miss some
trades sure, but spreading your self too thin leads to bad choices. I do the same thing with the futures I trade except no power ind. excpt if USD is showing very strong/weak because that can affect treasuries and commodities.

Too many traders think if they sit down to trade they have to trade, then push trades that don't meet all their criteria, leading to losses, leading to more bad decisions.

Hope this helps, I've been doing this long enough to know that sometimes my explanations leave things out because they are so ingrained in me they are second nature.

Good info..

MT4 is workspaces is called profiles.

Thanks for the detailed response Rockypoint. It does help to make this business clearer and to try and have a methodical consistent approach to trading that you have confidence in. The reasoning behind why charts are not traded is just as, if not more important than why a chart is traded. To post charts that are not traded and why not I think would be helpful.
I am using a package called sierra charts and it will allow me to set up as you have suggested.
Again thanks.

2 trades on fairly flat day on soy 1 winner 1 loser traded 3 contracts on both.

Hello Mr RP,

your trading as been very fasinatcing,
We also would love to join the party,

Do you mind shinning more light in this system?
like the pair, time, how you enter and what not to enter, entry and exit plan,

Kindly also teach us to see with your eyes.

Regards,
EF

Please read the entire thread. Rules have been explained before. I would recommend to practice and start trading demo and post your trades here. That's how you're going to understand this system.
There are some things in trading that can't be taught. Seeing the chart through the eyes of other trader is one of those things. You develop that through years of experience and it can't be replicated.
You can teach objective technical things but subjective approach can't be taught. Most beginner traders do not understand this.
I would suggest to you to be proactive and make an effort to digest the information already shared and then ask specific questions with the screenshots.

Efestus, Look at post 857, Richt 3 very kindly put together a synopsis of the system on a PDF. Take a look and if you want come back with more spercific questions.

g-j in a range day

Nice trade

GW your charts are excellent as they clearly illustrate your thought process before entering a trade. Really useful for us beginners.

I'm currently going through the two PDF's of Rocky's charts taking notes and creating a trading guideline for myself based on his trades. Both of you are providing such valuable information. Thank you!

Hey guys.. thank u
i,m of course still learning from RP and other friends ... what u see is the result of his efforts here, and he,s the man..!
so thank YOU RP again... god bless u body, keep it up



u-j last night

Kind of slow at NY open today 2 FX trades on EUR, 1 on Soy(I'm including this trade which I made using another of my systems called 3rsi's which works well
finding reversals)

a-j
the beauty of PA...!
AUD was almost strongest currency all day long, even at the moment i,ve entered , but...

55, remained little greedy

34

Hi RP,

How did you manage to get all 3 different RSIs to come together and join on the chart at the same point at 6:30 and just before 7:35 on your soybean chart?

Here you can see on my crude oil 5pip range chart that it is very different with the same settings from your chart.

Hi Renko,

I'm attaching some charts for an explanation my soy chart is a little over a 4 hr time frame on an essentially very placid day for soy see the attached all day chart.
Next is an all day chart of CL which you can see rsi is messy. Next is 4hrs on CL which you see looks very different. The other thing is CL is way more heavily traded the soy so charts will have less range bars and smooth out more easily when when you zoom in. If that doesn't help you might try switching rsi3 to rsi 8.